Lendio is a platform for business financing which helps funders match with customers. The company does not originate direct loans. Instead, the 75 business funders on its network are capable of providing finances according to customer need. In other words, Lendio is a matchmaker for business funds and seekers. Clients just have to make them aware of their requirements, and the rest gets care of. The company takes responsibility for finding the right financing services for you. Further, it ensures you have access to and knowledge of the various offers available to you.
Lendio is useful for those stepping into the sector of financing for the first time. They offer relatively relaxed credit requirements. In addition, they provide a period of 2-7 days for funding. They cover a range of products in the financing department. Many of these will depend on factors like the industry you operate in, how long you have been involved in the work, your credit score, and your revenue. Further, they offer slower funding time to customers when compared to other leading lenders and companies. The funding options provided cover ACH loans, equipment loans, startup loans, term loans, commercial real estate loans, SBA loans, and more.